There seems to be plenty of cobol transpilers - anybody know why they can’t use those. Immediate thought was it’s just beating on the dead Watson horse.
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The issue with COBOL is any old idiot can't write it. If someone is touching the COBOL they are going in and making minor changes/expansions to an application that is older than the average HN user and those changes and expectations are well defined.
With Java and/or language of the day your cheapest run of the mill contractor given exceptionally poor instructions will crank out X LOC per day where X is the required output for them to keep their job. Maintaining that code will be some other bastards problem.
So transpilers do work and are in production but our biggest competitor is inertia.